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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Office Spaces
214 Main St Gallatin, TN 37066-3031
Individually Owned
4-yr Hold
Free & Clear
Property ID
US80-0989438
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1930
Total area
5,312 SF
Lot
0.23 ac (10,140 SF)
APN
083126C F 02900
UPID
US80-0989438
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Don J. Elazar, MD Physician
-
Madeline Ellis, MD, PLLC Medical Clinic
-
Hickory Old Psychotherapy Associates LLC Medical Clinic
-
North Lake Bargain Center Car Dealership
-
Pure Promotions Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$760k
Owner & transaction history
Shirley Ann Anderson · 4 yrs held
Shirley Ann Anderson
since 2021
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gallatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gallatin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$760,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
$1,075,000
6.5%
$995,000
7%
$920,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,130,000
Current use
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $600k (Nov 17 2021)
Last sale anchor
$600k
Nov 17 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$143 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,786
Tax year 2023
Assessed value
$156,800
Assessed 2023
Previous assessed
$156,800
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$38,720
Assessed improvement
$118,080
Land market value
$96,800
Improvement market value
$295,200
Total market value
$392,000
Applied tax rate
83.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1930
Heating
YES
Cooling
YES
Stories
1
Units
4
Bathrooms
4
Total area
5,312 SF
Lot
0.23 ac (10,140 SF)
APN
083126C F 02900
UPID
US80-0989438
Jurisdiction
SUMNER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
YES
Cooling
Yes
Stories
1
Units
4
Bathrooms
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
Shirley Ann Anderson
Individual
Free & Clear · 4 yrs held
Mailing address
842 PLANTATION WAY, GALLATIN, TN 37066-5131
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2021
—
Shirley Ann Anderson
Shirley Anderson
Intrafamily Transfer
related
—
May 22, 2018
—
North Lake Automotive LLC
—
Deed
related
$712,000 · Reliant Bank
Dec 29, 2017
—
North Lake Automotive LLC
—
Deed
related
—
Jul 23, 2013
$600,000
Phillip Anderson
Jones,joe W
Warranty Deed
—
Jun 20, 2012
—
Joe W Jones
Jones,teresa
Quit Claim Deed
related
—
—
—
Joe W Jones
—
Deed Of Trust
related
$11,749 · Cumberland Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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